Why is China prohibiting bitcoin transactions?

in #bitcoin • 8 years ago (edited)

We know that China has banned bitcoin transactions. Why is China prohibiting bitcoin transactions? Due to China's foreign exchange controls, Bitcoin poses a threat to the Chinese government's foreign exchange controls, so China prohibits bitcoin transactions.

#crypto
8 years ago in #bitcoin by
$0.00
    1 vote
    Reply 0

    Coin Marketplace

    STEEM 0.04
    TRX 0.32
    JST 0.088
    BTC 61363.96
    ETH 1697.71
    USDT 1.00
    SBD 0.38